EPF PMVBRY Scheme

Launch & Approval

• Announced by Prime Minister Narendra Modi in his 12th Independence Day address.

• Approved by the Union Cabinet on 1st July 2025.

• Officially effective from 1st August 2025

Budget & Scale

• Outlay of ₹99,446 crore.

• Target to generate 3.5 crore jobs across sectors in India within two years

Beneficiaries

• First-time employees entering the formal workforce between 01.08.2025 and 31.07.2027.

• Estimated 1.92 crore beneficiaries will be first-timers joining the workforce

Incentives

• Direct government incentive of up to ₹15,000 for first-time EPF-registered employees.

• Paid in two parts to support transition into formal employment.

• Employers also receive benefits for hiring new workers, encouraging expansion and job creation.

Objectives

• Employment Generation: Incentivize companies to hire more workers.

• Enhance Employability: Support skill development and training.

• Social Security: Ensure new employees are covered under EPFO (Employees’ Provident Fund Organisation).

• Inclusive Growth: Aligns with the broader Viksit Bharat vision of a developed India

How It Works

• Employees who are newly registered with EPFO and join between the specified dates qualify for incentives.

• Employers benefit from government support when they expand their workforce.

• The scheme is managed through a dedicated PMVBRY portal for registration and monitoring

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